EUR/USD was crazy in the last week and trades in a very unpredictable way. Trump talking about restricting Chinese investments stalled the breakout from the the descending triangle, but support at 1.550 or so is crazy strong so far.
Coming week we're sitting at a really interesting point at the edge of break-out. Since the move failed to materialize this week, there seem to be some uncertainty about direction. It's not impossible that Monday starts with a retracement to previous higher support levels before moving north.
What's your view?
Coming week we're sitting at a really interesting point at the edge of break-out. Since the move failed to materialize this week, there seem to be some uncertainty about direction. It's not impossible that Monday starts with a retracement to previous higher support levels before moving north.
What's your view?